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UN To Extend $72 Million Loan To Armenia For 2010-2015

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  • UN To Extend $72 Million Loan To Armenia For 2010-2015

    UN TO EXTEND $72 MILLION LOAN TO ARMENIA FOR 2010-2015

    /ARKA/
    July 27, 2009
    YEREVAN

    YEREVAN, July 27. /ARKA/. Armenia's Prime Minister Tigran Sargsyan
    and UNDP Resident Representative in Armenia Consuelo Vida signed
    last Friday the 2010-2015 United Nations Development Program (UNDP)
    in Armenia. The five-year financial commitments of UN to Armenia
    total $72mln, which will enable the RA government to fully implement
    scheduled projects.

    "UN has been working with Armenia since 1992 and it has 14 agencies,
    funds and programs in Armenia," Sargsyan said. With the spotlight of
    the new program being Armenia's sustainable development, 33% of the
    UNDP loan will be allocated for empowerment initiatives.

    "What is crucially important is that the UN programs focus on the
    proportional economic and democratic development of Armenia's regions,"
    the premier said, stressing the role of the five-year rural community
    development programs.

    He expressed a hope that UNDP would keep contributing to Armenia's
    dynamical development. The prime minister thanked the UN resident
    representative for her immense contribution to the Armenian
    government's programs.

    In her turn, Vidal emphasized the role of the new agreement for the
    UN Representation in Armenia and the UN structures in the country.

    She vowed staunch support to the development of national institutes
    and application of the best global practices in Armenia.

    According t o Vidal, UN aims at supporting the socially vulnerable
    in Armenia, adding the organization is currently assessing the impact
    of the global crisis on the low-income population.

    The UN resident representative thanked the RA government and prime
    minister for their contribution to UN initiatives in Armenia. She
    stressed that the new program embodies all the 14 UN structures
    in Armenia and maps out five-year activities of each of these
    institutions. Vidal said the program will help eliminate polarization
    between the capital city and regions, as well as open up new employment
    opportunities and reduce poverty in Armenia.

    The second goal of the program is to boost social services and
    contribute to democratic management, protecting the human rights in
    Armenia, combating corruption and strengthening public involvement
    in those initiatives.

    The program also focuses on environmental protection, climate change
    and modernization of the national system of averting calamities.
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